Data Analytics Market
How Will the Direct Air Capture Market Grow, and What Is the Projected Market Size?
The direct air capture market will grow from $0.07 billion in 2024 to $0.11 billion in 2025, at a CAGR of 65.9%. Key drivers include climate change concerns, policy and regulatory support, corporate sustainability initiatives, carbon pricing mechanisms, and growing public awareness.
The direct air capture market is projected to experience exponential growth, reaching $0.69 billion by 2029 with a CAGR of 56.7%. The growth drivers include net-zero emissions targets, carbon removal markets, integration with carbon utilization, climate resilience, investor interest, and international cooperation. Key trends include the adoption of DAC as a negative emissions technology, collaboration with industrial facilities, integration with carbon utilization projects, and advancements in DAC technology efficiency and scalability.
What Key Elements Are Boosting Growth in the Direct Air Capture Market?
Environmental concerns, such as greenhouse gas emissions, are expected to drive the growth of the direct air capture (DAC) market. With CO2 emissions continuing to rise globally, DAC technology plays a vital role in reducing greenhouse gases from the atmosphere. In 2022, U.S. CO2 emissions rose to 38.5 billion metric tons, further amplifying the urgency for direct air capture solutions to combat climate change.
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Who Are the Major Industry Players Fueling Direct Air Capture Market Expansion?
Major companies operating in the direct air capture market are Mosaic Materials Inc., Sunfire GmbH, National Energy Technology Laboratory, Climeworks AG, Carbon Clean Solutions Limited, Carbon Engineering Ltd., Heirloom Carbon Technologies Inc., Oak Ridge National Laboratory, Skytree Technologies AS, CarbonCapture Inc., Immaterial Inc., Global Thermostat Inc., Spiritus Systems, Synhelion AG, Infinitree Inc., Avnos Inc., Noya PBC, RepAir LLC, MISSION ZERO TECHNOLOGIES Inc., Carbyon Inc., Sustaera Inc., Southern Green Gas Limited, Octavia Carbon, Inc., Capture6 Inc.
How Is the Segmentation of the Direct Air Capture Market Defined?
The direct air capture market covered in this report is segmented –
1) By Product: Absorption-Based Direct Air Capture (SDAC), Adsorption-Based Direct Air Capture (DAC), Membrane-Based Direct Air Capture (DAC), Cryogenic-Based Direct Air Capture (DAC)
2) By Scale: Pilot-Scale, Demonstration-Scale, Commercial-Scale
3) By Source: Electricity, Heat
4) By Application: Carbon Capture, And Storage (CCS), Carbon Capture, Utilization And Storage (CCUS)
5) By End- Use: Oil And Gas, Food And Beverage, Automotive, Chemicals, Healthcare, Other End-Uses
Subsegments:
1) By Absorption-Based Direct Air Capture (SDAC): Chemical Absorption, Physical Absorption
2) By Adsorption-Based Direct Air Capture (DAC): Solid Adsorbent, Liquid Adsorbent
3) By Membrane-Based Direct Air Capture (DAC): Polymeric Membranes, Inorganic Membranes
4) By Cryogenic-Based Direct Air Capture (DAC): Low-Temperature Adsorption, Cryogenic Distillation
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What Is the Leading Region in the Direct Air Capture Market?
North America was the largest region in the direct air capture market in 2024. The regions covered in the direct air capture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Direct Air Capture Global Market Report?
– Market Size Analysis: Analyze the Direct Air Capture Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Direct Air Capture Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Direct Air Capture Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Direct Air Capture Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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